Barclays Boosts Honeywell International (NASDAQ:HON) Price Target to $265.00

Honeywell International (NASDAQ:HON - Get Free Report) had its target price increased by equities research analysts at Barclays from $258.00 to $265.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the conglomerate's stock. Barclays's price objective would suggest a potential upside of 11.59% from the stock's previous close.

A number of other analysts have also recently weighed in on the company. Wells Fargo & Company increased their price target on Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Citigroup increased their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho raised their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research report on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $250.79.

Honeywell International Stock Performance

NASDAQ:HON traded down $2.33 during trading hours on Wednesday, reaching $237.47. 764,929 shares of the stock were exchanged, compared to its average volume of 3,840,116. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. The firm has a 50 day simple moving average of $224.32 and a 200-day simple moving average of $216.15. Honeywell International has a 52 week low of $179.36 and a 52 week high of $242.77. The stock has a market capitalization of $152.62 billion, a P/E ratio of 27.31, a P/E/G ratio of 2.73 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter last year, the business posted $2.25 EPS. Honeywell International's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Institutional Trading of Honeywell International

Several hedge funds and other institutional investors have recently modified their holdings of the business. Key Client Fiduciary Advisors LLC acquired a new stake in shares of Honeywell International in the second quarter worth $218,000. Beacon Financial Group boosted its position in shares of Honeywell International by 2.2% in the second quarter. Beacon Financial Group now owns 3,842 shares of the conglomerate's stock worth $895,000 after buying an additional 83 shares during the period. Czech National Bank boosted its position in shares of Honeywell International by 5.2% in the second quarter. Czech National Bank now owns 157,094 shares of the conglomerate's stock worth $36,584,000 after buying an additional 7,743 shares during the period. IAM Advisory LLC raised its holdings in shares of Honeywell International by 2.2% during the second quarter. IAM Advisory LLC now owns 10,371 shares of the conglomerate's stock worth $2,415,000 after acquiring an additional 223 shares in the last quarter. Finally, Everpar Advisors LLC purchased a new stake in shares of Honeywell International during the second quarter worth $239,000. Institutional investors and hedge funds own 75.91% of the company's stock.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.